Close Menu
Free Consultation: 888-976-6111

Michael Rudio: Suitability Complaint Against Ex-LPL Advisor

A recent investor complaint against Atlanta financial advisor Michael Rudio (CRD# 6322313) alleges that his advice resulted in losses. Financial Industry Regulatory Authority records show that he is registered as a broker with Purshe Kaplan Sterling Investments and an investment advisor with Phase Line Capital.

Mr. Rudio’s BrokerCheck report discloses one investor complaint. Filed in December 2023, it alleges that as a representative of LPL Financial, he recommended unsuitable structured product investments between December 2020 and November 2021. The pending complaint alleges unspecified damages of at least $5,000.

Phase Line Capital’s website describes its philosophy of putting the client’s benefits above all else. “It is core to our philosophy that we must know our clients before we can advise them in a holistic manner,” it states. “We are here to listen first, provide sound financial advice, and anticipate your next moves.” Elsewhere, the website notes that its services include portfolio management, financial planning, and annuity and insurance assessment. “We provide disciplined and hands-on planning, investing strategies, and straightforward perspectives tailored to your circumstances,” it explains. “Dedicated and personalized financial planning, we believe, is worth revisiting on a consistent basis since nothing in life is static.”

Other current or former Purshe Kaplan Sterling advisors who have received investor complaints include Bill Horak, Milind Dalal, and Nick Hamilton. Other current or former LPL Financial advisors to receive investor complaints include John Demertzis, Doug Nelson, Randy Redd, Joey Hobbs, and Ian Geeves.

According to the Financial Industry Regulatory Authority, Michael Rudio holds 36 years of securities industry experience. Based in Atlanta, Georgia, he has been registered as a broker with Purshe Kaplan Sterling Investments and an investment advisor with Phase Line Capital since 2021. His past registrations include LPL Financial (Atlanta, Georgia; 2017-2021) and Edward Jones (Sandy Springs, Georgia; 2014-2017). His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He holds 30 state licenses. (Information current as of January 29, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Kiran Devarapalli: Leaders Group Advisor Fired by LPL

    Littleton, Colorado financial advisor Kiran Devarapalli (CRD# 6416586) was recently fired by LPL Financial in connection with alleged rule violations....

    Read More
  • Max & Randy Birkinbine: Ausdal Advisors Face GWG Complaint

    North Oaks, Minnesota financial advisors Max Birkinbine (CRD# 6836583) and Randy Birkinbine (CRD# 2008599) have received an investor complaint alleging...

    Read More
  • Bruce Johnson: L Bond Complaint Against Portsmouth Financial Advisor

    San Francisco financial advisor Bruce Johnson (CRD# 1126862) allegedly misrepresented investments in GWG L bonds, according to an investor complaint....

    Read More
  • Cataldo Panici: $355K REIT Complaint Against Wintrust advisor

    Frankfort, Illinois financial advisor Cataldo Panici (CRD# 2112617) recently received an investor complaint alleging damages of more than $300,000. Financial...

    Read More
  • Previous
  • Next